Extra from Pres. Trump:
The feedback are directed at Fed chair Powell. Nevertheless, the opposite Fed members are listening as nicely. It’s a resolution by committee and if he begins to resonate with different members, the bias can shift.
Nonetheless a lot will we rely on the numbers for inflation. Powell has mentioned that he expects inflation to extend in June, July and August. The June numbers will begin to be launched later this month. July CPI might be launched on July 15 whereas PPI might be launched on July 16.
This text was written by Greg Michalowski at www.forexlive.com.
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